Ziff Davis, Inc. (NASDAQ:ZD) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $71.29.

A number of research firms have recently weighed in on ZD. Barclays upped their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Citigroup decreased their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th.

Institutional Trading of Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. purchased a new stake in shares of Ziff Davis during the 3rd quarter valued at about $986,000. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis in the 3rd quarter worth approximately $37,000. Virtu Financial LLC purchased a new stake in Ziff Davis during the 3rd quarter valued at $503,000. TD Private Client Wealth LLC raised its stake in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after buying an additional 249 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ziff Davis by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after buying an additional 36,863 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD stock opened at $58.85 on Friday. The business’s fifty day moving average is $50.08 and its 200 day moving average is $50.40. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 49.87 and a beta of 1.29. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.90.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.